Q&As

Forms releasing security have been filed at Companies House by mistake. Is the security still valid and effective?

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Published on LexisPSL on 12/09/2018

The following Banking & Finance Q&A provides comprehensive and up to date legal information covering:

  • Forms releasing security have been filed at Companies House by mistake. Is the security still valid and effective?

It is not uncommon for forms relating to satisfaction of charges at Companies House (ie forms MR04 and MR05 and LLP equivalents) to be filed in error owing to some misunderstanding. The case of Re OC Realisations 2011 (in liquidation) (not reported by LexisNexis®) (HHJ Langan QC, Newcastle Upon Tyne District Registry, 4 July 2012) decided that where two statements of satisfaction in full of charges had been entered on the register, this did not affect the continuing validity of the security. For more information, refer to Practice Note: Releasing security, in parti

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